27
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281 Concord Ave
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$3,200,000
↓ $150K
(4.5%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by New Year Realty | $3,350,000 | |
| Listed by New Year Realty | |||
| Mar 14, 2026 | No longer available | - | |
| No longer available | |||
| Jan 14, 2026 | Listed by Keller Williams Realty Boston-Metro | Back Bay | $3,150,000 | |
| Listed by Keller Williams Realty Boston-Metro | Back Bay | |||
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Multiple Development Opportunity Options! A free standing West Cambridge commercial building located in rare BA-1 zoning district offering ample opportunity and flexibility given the city's recently reformed zoning code. Bring your vision to create high-end multifamily or stacked flats, creative amazing work/live space or even an extraordinary single family incorporating the current space. Situated in a prime Huron Village location just 1 block from Talulla and 1.5 blocks to the popular Hi-Rise Bakery with an 02138 zip code and convenient to Harvard Square, Porter Square, Fresh Pond and more. Existing structure encompasses over 3,700sf including 750+sf second floor mezzanine and was extensively renovated in 2018 with a sleek, modern industrial aesthetic. Airy high ceilings, very bright throughout, layout flowing through to the serene outdoor patio. First level and baths are all fully ADA compliant. Buyer to perform all due diligence. Possibilities!
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| Feb 25, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017